A BTC short play with limited downside... News Week wMacFee

KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
It is a fools errand to try and short BTC despite the current price levels. However, BCH has benefited greatly during even the smallest BTC pull backs, while maintaining its price during BTC upswings. The BCH waters have been frothy as of late but they are finally setting down. Although a break below $1000 will shatter my confidence in BCH, if it hold its present support at roughly $1,100 its only a matter of time before it continues the journey upwards.

News Week is publishing an in depth interview with John McAFee shortly. Although John likes to act coy, its very clear that John, along with Jihan Wu (the creator of BCH?) are strong proponents of Bitcoin Cash . They also control the majority of the mining power the gives bitcoin its security and functionality. Without miners, your bitcoin would be doomed, frozen on an abandoned chain. This is important to note. I am not agreeing or disagreeing with the fundamentals behind mining or BCH it self. However, short of going on a 007 mission or recreating Satoshi's vison, there is nothing anybody can do about. The best options available are to follow the money and hopefully carve out a nice slice for yourself ; ) Cheers

Side notes... Palm Beach Confidential created a report urging a strong buy on BCH up to $1400
150 radio stations are playing pro BCH advertisements throughout the US. (youtube)
Kim Dot com has endorsed Bitcoin Cash (I suspect many are soon to follow)
Lets face it , Wall street will have full control of BTC when Futures hit
"We will tame BTC" - CME
Trade closed: target reached
Great analysis....thanks
Great points in last paragraph
+1 Reply
Wow!!! Nice input mate :-)
+1 Reply
mcgough_max Wilaeleu
@Wilaeleu, Thanks for checking out my post. Cheers !
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